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Kimberly's parents are going to set up a savings account for her college education. They have already done their research of the local banks and
Kimberly's parents are going to set up a savings account for her college education. They have already done their research of the local banks and found that the best interest rate available is 3.4% compounded continuously. If Kimberly is expected to graduate in 12 years and they want her to start with at least $80,000.00 how much should they deposit today? (Round your answer to two decimal places.)
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